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Metro Bank has fallen victim to a new type of cyber fraud that targets the codes sent via text messages used to verify transactions.

The New York Federal Reserve is to assist Bangladesh Bank in a legal challenge to recoup $81 million stolen in a massive cyber heist in 2016.

A huge cache of financial documents scanned from paper-based mortgage and credit reports was exposed online in an alleged major security lapse at US data and analytics company Ascension.

Royal Bank of Canada has become embroiled in a privacy scandal engulfing Facebook after it emerged that the social network appeared to provide a raft of Big Tech companies with privileged access to user accounts.

Technology and innovation across sectors remain a primary focus as advances evolve at a rapid rate. Many institutions are looking to leverage technology for a broad range of uses, in financial institutions the primary factor remains security and risk management when implementing such changes.

The details of millions of payment cards may have been exposed in a hack on hotel giant Marriott affecting 500 million guests.

Vision Direct says that the personal details and payment card numbers, expiry dates and CVV codes of thousands of customers have been stolen by criminal hackers.

HSBC has locked some customers out their online accounts in response to a data breach that saw unauthorised users gain access to a host of financial and personal information.

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